Second Harvest Food Bank of East Central Indiana Inc

Analysis

Second Harvest Food Bank of East Central Indiana Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Second Harvest Food Bank of East Central Indiana Inc reported income of $20.6m and spending of $20.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.3m to $20.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Harvest Food Bank of East Central Indiana Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Connections for Children ($20.6m), Willows Way Inc ($20.6m) and Westcare Foundation Inc ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $149k (0.7% of expenses). Other salaries and wages came to $1.4m. It paid $175k in professional fundraising fees. At year end it held assets of $6.6m against liabilities of $381k, net assets of $6.2m. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.